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GLG News by Sub-Prime Auto Lending Experts

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September 6, 2007
The Good the Bad and the Ugly
Analysis of: Dubai investor eyes subprime casualties | www.reuters.com
Author: Harnath Sithamraju, Consultant, Harnath Sithamraju
Companies tainted by subprime crisis have lost value in real terms.Companies hunting for bargains.
September 4, 2007
Think Big Act Small
Analysis of: Wal-Mart considers acquisitions in U.S. | www.challenges.fr
Author: Harnath Sithamraju, Consultant, Harnath Sithamraju
If you can’t beat them, join them.Wal-Mart seeking to maintain supercentres and create new mini-centres.
September 3, 2007
Question time for rating agencies
Analysis of: S&P President Corbet Is Replaced | online.wsj.com
Author: Harnath Sithamraju, Consultant, Harnath Sithamraju
Over reliance on ratings without doing your own home work is a recipe for disaster.Special status of the rating agencies comes under review as questions arise on access to information not available to other investors.
September 3, 2007
Why the Fed's Help Won't Help
Analysis of: Inside the Countrywide Lending Spree | www.nytimes.com
Author: James Butler, President, Rigley Financial Corporation
It is wonderful that President Bush's plan to help the disenfranchised keep their homes, and in some (albeit, few) cases, this program will work. But like the cut in the commercial lending rates, this is more symbolic than helpful, and the true problems will persist after the assistance package is ...
August 29, 2007
The Greater Fool Theory
Analysis of: FOCUS Credit ratings face credibility gap, inquiries in wake of sub-prime woes | www.forbes.com
Author: James Butler, President, Rigley Financial Corporation
For years now, the Mortgage and Commercial Lending arena has been the subject of great debate as to whether sound credit decisions were being made. Now, finally, the proof of careless lending practices are coming to light: the question at hand is how will we deal with the fallout?
August 28, 2007
It's not always irrational for consumers to pay credit cards before mortgages
Analysis of: Unexpected: Card Debt Stays Dry in Credit Storm | www.americanbanker.com
Author: GLG Expert Contributor
There is no or minimal real spillover from the subprime mortgage implosion into the general purpose and private label credit card arena and absent a recession, which will happen at some point, there’s little reason to expect significant credit card performance deterioration or for credit card issuers...
August 27, 2007
Grass is not always greener on the other side
Analysis of: Capital One Closes Wholesale Mortgage Unit | money.cnn.com
Author: Harnath Sithamraju, Consultant, Harnath Sithamraju
Short term strategy without any vision is the playmate of history.Acquisitions that can’t be woven into the fabric of existing corporate business will end in a bitter divorce.Regulatory framework needs rework and rethink.
August 27, 2007
How MasterCard win debit share from Visa has enormous implications for the network’s economics
Analysis of: MasterCard Gets 'In' at Bank of America | www.americanbanker.com
Author: GLG Expert Contributor
If MasterCard wins US debit market share from Visa substantially through pricing concessions and upfront payments to retail banks that will not be nearly as good for the payment network's long-term economics than if it picks up share principally through hybrid debit card relationships.
August 27, 2007
High-profile mobile payments specialist stumbles on a ripe worldwide market
Analysis of: Obopay Hits a Target It Didn't Sight: The Unbanked | www.americanbanker.com
Author: GLG Expert Contributor
In payments people are creatures of habit. Innovations’ best prospects lie in addressing un or badly served needs, not in dislodging well-entrenched payment systems. Unbanked consumers’ attraction to Obopay’s mobile payments service therefore isn’t surprising. In the US and many markets abroad they...
August 20, 2007
ASX- A giant in the Asia-Pacific region
Analysis of: ASX Profit Soars as Listings,Trading Climb | online.wsj.com
Author: Harnath Sithamraju, Consultant, Harnath Sithamraju
ASX acts as a hub at the centre of the Australian economy.ASX has provided over the years access to capital for growth to Australian Industries adding depth and liquidity to sharemarket and acted as a barometer for measuring the financial health of the Australian economy .

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